ALBUQUERQUE, New Mexico (CNN) – Barack Obama took a jab Monday at a weekend comment by John McCain that the minimum income for “rich” making $5 million a year.
At an economic roundtable discussion of the economy Monday in Albuquerque, Obama accused McCain of “peddling” President Bush’s economic policies from the past eight years, including tax breaks for the wealthy.
“Which I guess if you’re making $3 million a year, you're middle class,” said Obama, admitting that maybe McCain was joking.
But that's reflected in his policies,” Obama continued, “where for people making more than $2.5 million, he's giving folks a $500,000 tax break. And so this is a fundamental difference in this election.”
Both candidates appeared, separately, at Pastor Rick Warren’s Saddleback Church on Saturday for his “civil forum” on faith, values and leadership. Asked to define “rich,” McCain responded that it should be defined by a home, a good job, education and “the ability to hand our children a safer and more prosperous world…”
“So I think if you’re just talking about income, how about five million?” he later added. “I’m sure that comment will be distorted, but the point is that we want to keep people’s taxes low and increase revenues.”
Asked the same question earlier in the night, Obama joked that it was book sales of 25 million referring to Warren’s bestselling books. He then declined to give an exact number saying that it depends where one lives but that $250,000 a year means “you are doing well.”
McCain spokesman Tucker Bounds responded in an email saying that Obama is “shamelessly distorting” McCain’s comment.
"Remember when Barack Obama said he was ‘tired of distortion, name-calling, and sound bite solutions to complicated problems?’ Neither do we," wrote Bounds.